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Fairfax Expected to Raise About $500M for New Africa Fund: Sources

Prem Watsa’s Fairfax Financial Holdings Ltd. is expected to raise about $500 million for its new African investment fund, attracting less than its original goal as investor interest in the region proved weaker than anticipated, according to people familiar with …

58% of UK Business Leaders Say Brexit Vote Has Taken a Toll: Survey

More than half of British business leaders believe the vote to leave the European Union has had a negative impact on their companies but most firms are confident they can survive the change, according to a survey on Monday. Britain’s …

Chubb Promotes Parry to Claims Director, Europe, Eurasia & Africa

Chubb announced the promotion of Steve Parry, currently claims director for UK and Ireland, Operations and Integration, to the role of director of Claims, Europe and Eurasia & Africa. In his new role, Parry will have overall responsibility for strategy …

Brazil Healthcare Insurer Intermédica Prepares for IPO: Sources

Brazilian healthcare services provider NotreDame Intermédica Sistema de Saude SA has hired banks to manage its initial public offering, which could be launched with a series of investor meetings as early as this week, two people with direct knowledge of …

Food Poisoning Suspected of Sickening 28 Kids at Florida Science Fair

Authorities say more than two dozen kids attending a science competition in north Florida fell ill and were taken to the hospital after eating a catered lunch. The Columbia County Sheriff’s Office said on its Facebook page that 28 children …

Tennessee Valley Authority, Environmental Groups Await Decision on Pollution Case

The Tennessee Valley Authority finished a four-day trial Thursday in which environmental groups accuse the utility’s power plant outside Nashville, Tennessee, of illegally polluting the Cumberland River with coal ash. Still, a decision in the case may not come for …

Appalachian Underwriters Makes McKee Comp Underwriter in Arizona

Appalachian Underwriters Inc. has added Melissa McKee as a workers’ compensation underwriter to its Scottsdale, Ariz. office. McKee will focus on the production of new workers’ comp business, with a primary focus in California. She will also be working to …

Educational Conference in California to Address ‘State of the Industry’

What the final two years of California Insurance Commissioner Dave Jones will entail is among the topics to be discussed during a conference in Southern California in March. The WIAA Education and Research Foundation will present a conference titled “Challenges, …

Snow Damage Found to Be Origin of Idaho Fire

Investigators from the Idaho State Fire Marshal’s Office looking into a fire last week at a local business in Council believe the blaze could have been caused by heavy snowfall. Many parts of Idaho have received record-breaking snowfall since mid-December. …

Assurant to Offer Liability Coverage for Vacation Rental Owners

Assurant has partnered with Vacasa, a U.S. vacation rental management company, to provide liability coverage and property insurance for Vacasa’s homeowners. Assurant’s short-term accommodations protection program will be available to the more than 4,600 U.S. homeowners in the Vacasa network, …

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